Stuff My Sisters Will Like

To Jenny, Katie and Laura, From Their Brother, Victor

The Non-Profit Green Bay Packers September 18, 2012

Filed under: Economics,History,Neat,Silly Studies,Stuff — Fr. Victor Feltes @ 8:00 am

The Green Bay Packers are “America’s Only Not-for-Profit Major League Sports Franchise.” This is why they are unlikely to ever leave Green Bay, Wisconsin, the NFL’s smallest city.

Forbes Magazine estimates that the Packers are currently valued at $1.09 billion. Where would the money go if they were to be sold?

As established by their Articles of Incorporation in 1935: “Should there be a dissolution of the Green Bay Packers, Inc., the undivided profits and assets of the Green Bay Packers, Inc., shall go to the Sullivan-Wallen Post of the American Legion for the purpose of erecting a proper soldier’s memorial…”

The National WWII Memorial on the Washington D.C. Mall cost $182 million to build. Perhaps someday, “TitleTown” will feature a war memorial six times as impressive.

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